Crypto News
Backed Finance’s Tokenized Stocks Product Volume Jumps to $300M
Demand for trading stocks on-chain is real.Switzerland-based Backed Finance's tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms.xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token is fully backed 1:1 by the corresponding underlying stock held by a licensed custodian, allowing investors to take exposure to traditional assets while ensuring transparency and security.These tokens are issued by Backed Finance, which operates under the country's DLT regulatory framework. They are built using the Solana Program Liberty (SPL) token standard to facilitate high-speed transferability and on-chain compatibility with Web3 and decentralized applications."xStocks have crossed $300m...
Japan’s Kitabo Joins Growing List of Asian Firms Turning to Bitcoin Amid Financial Strain
Kitabo cited growing regulatory clarity and Bitcoin’s establishment as a key asset following its U.S. ETF listing as reasons for the move.Source link
DOJ Seeks to Return Millions in Crypto to Alleged Victims of $97M Oil and Gas Scheme
Federal prosecutors say funds from a $97 million oil and gas scam were laundered through shell companies, crypto wallets, and exchanges.Source link
Mercurity Fintech Secures $200 Million for Solana Treasury
Mercurity Fintech (MFH) has secured a $200 million equity line from Solana Ventures to launch a comprehensive solana-based treasury initiative. Solana Ventures Backs Mercurity With $200 Million for SOL-Based Treasury Mercurity Fintech Holding Inc. (Nasdaq: MFH) has announced a strategic $200 million equity line of credit from Solana Ventures Ltd., marking a major step inSource link
DOGE Volume Spikes 75% Above Average as Traders Defend $0.26 Floor
Dogecoin rallied sharply in the face of global macro uncertainty, climbing 5% during the 24-hour session ending July 23 at 05:00 GMT. The move came as heightened geopolitical tensions fueled risk volatility, yet DOGE displayed resilience with strong intraday recoveries and volume-backed support retests that attracted renewed interest from tactical traders.What to Know• DOGE traded in a tight $0.01 range between $0.26 and $0.27, representing a 5% spread during the session from July 22 at 06:00 to July 23 at 05:00 GMT.• Volume hit 720.64 million and 717.84 million during key reversal windows — nearly 75% above the 24-hour average of 408.52 million.• The final trading hour saw DOGE spike to $0.27 before retracing to $0.26 on a single-minute volume...